MBA BANKER

(Remarks delivered by Shri M. Rajeshwar Rao, Deputy Governor, Reserve Bank of India – February 09, 2024 - at the NBFC Summit organised by Confederation of Indian Industry at Mumbai)  Regulatory approaches for NBFC sector While framing the regulations for the financial sector, Reserve Bank has always been conscious of the fact that the degree of regulation of a financial entity should be commensurate with the perception of risks posed by the entity and the scale of its operations on the financial system.  Our regulatory approach towards NBFC sector has been guided by a combination of activity-based and entity-based regulations to safeguard financial stability and protect customers. We have tried to leverage the strengths of both these approaches to achieve a more comprehensive and flexible regulatory framework. We find this hybrid approach particularly valuable for an ever evolving NBFC Sector, where innovations and new business models seem to be constantly emerging. ...

 As a Banker, we all busy in achieving targets in liability products, Asset products, Third party products. Ver busy! Exactly, No time at all for us. In the mean time we are not able to empower the customers and sell the wrong product which is not required by the customer. Next time when he will realize that the bank wala sold him wrong product, the relationship will turn into sour. The banker will loose the customer forever. Does the story seem to get connected with you? Yes, it's the story of every banker who does not do any homework and just sell the useless products of the insurance company only to achieve the target without understanding the requirement of the customers, features of the product, capability of the customers. So it becomes very important for the Banker to know what are the Six steps formula He/ She should always practice in his/ her life. when you practice in your life, you will exactly ask your customers to do investment in such financial products. Believe me, ...

 A credit card is a plastic card with specific security and other features that is issued by a bank to its customer to enable the customer to use it as a payment medium. The card also entitles the cardholder to certain credit limits/funds such that a payment can be made even if the customer's account does not have adequate balance.  Thus a credit card is both an instrument of payment and a source of credit . Case study- Suppose one purchases grocery and pays the retailer's bill by means of a credit card. The retailer swipes the card and gives a credit slip which the buyer has to sign. Clearly the buyer has not paid cash to the retailer. In this process, the credit card account with the bank is charged with the amount of grocery purchased.  But how does the retailer get his money? The answer is that the charge that the buyer incurred in buying grocery is ' acquired ' by the retailer's  bank. It will provide the retailer with the amount of transaction made by th...

Published on October 22.10.2022 The day was Friday before Diwali. I walked into my familiar retail banking branch. Aghast to find that the Manager (Accounts) was swarmed by a host of clientele. I thought at 3p.m, the Manager would have some leisure. She did not have even her lunch by that hour. The reasons: In a sparsely staffed branch, three employees were on leave; the Branch Manager went on leave for writing an examination. There were at least fifty KYCs of new accounts on her table to key in and approve. Across the counter, the patient customers, understanding her position, exhibited no hurry. The requests ranged from non-responding ATM, YONO, to repayment of retail loans, to irregularities in them to set right and approve, opening the SD Locker, and a pensioner like me requesting for the new ID card. Enhanced Access and Service Excellence (EASE), fifth edition promises a focus on driving an enhanced digital experience along with data-driven, integrated inclusive banking across all...

The bank's profitability was driven by strong growth in core operating income .   The bank's asset quality improved while interest income saw a robust growth .  The bank plans to sustain this trend as the new lines of businesses launched. During the quarter  , core operating income stood at  ₹ 3,947 crore in Q2FY23 rising by 35% compared to  ₹ 2,930 crore in Q2-FY22 aided by strong NII and fee income growth. Meanwhile, net interest income (NII) climbed by 32% to  ₹ 3,002 crore in Q2FY23 from  ₹ 2,272 crore in Q2 of FY22. Net interest margin expanded to 5.98% i n the quarter under review from 5.83% in Q2FY22 and 5.89% in Q1FY23. We are confident of sustaining this trend as the new lines of businesses launched , such as cash management, wealth management, FASTag, and credit cards , are at the start of the journey and have immense potential going forward Said by  V Vaidyanathan, the Managing Director, and CEO, IDFC FIRST Bank. During the quarter...

 STOCKS AVOID 1)The Utility Sectors 2) Commodities Sector 3) Public Sector 4) Business To Government Now Understand one by one below- UTILITY SECTOR Utility means the things which are used regularly by everybody like water, air, electricity, internet, mobile, Oil. Without these things in todays world no one can live. So if prices get increased, the inflation will also rise for which common will suffer. In this case government will come to the rescue and will cap the price of these things. So as a investor even though i know data consumption is getting increased i will avoid such companies of Telecom, Power sector.  COMMODITIES SECTOR Companies which produce and market  Mineral, Metal, Mines, Oil companies don't have much pricing power. They are having capital intensive companies. Take into consideration of cement companies they can not sell a bag of cement at Rs 500 when others are selling in Rs 355. So they have to sell at around Rs 355 to Rs 360. Also for example all oi...